Vil Trade deal betyde nye tider for Dry Bulk?
sh030158
15.11.2020 kl 09:24
342
https://www.straitstimes.com/asia/a-trade-pact-nearly-10-years-in-the-making-5-things-to-know-about-rcep
5. Will Australia-China tensions affect the deal?
After Australia incurred the wrath of its largest trading partner, China, in April by leading calls for a probe into the origins of the coronavirus, the Chinese government ordered a halt to imports of Australian products such as coal, barley, and wine.
Some say the ongoing trade spat could stymie cooperation under the RCEP. But SUSS' Dr Pan said the trade pact can be useful in de-escalating tensions between Australia and China in one major way: It constrains the actions of both countries within a rules-based framework.
"As such, participating countries - even major powers such as China - might not readily use trade as a strategic leverage," he said, pointing out that China's behaviour within RCEP will shape its reputation and credibility as well as alter the behaviour of other states towards it.
5. Will Australia-China tensions affect the deal?
After Australia incurred the wrath of its largest trading partner, China, in April by leading calls for a probe into the origins of the coronavirus, the Chinese government ordered a halt to imports of Australian products such as coal, barley, and wine.
Some say the ongoing trade spat could stymie cooperation under the RCEP. But SUSS' Dr Pan said the trade pact can be useful in de-escalating tensions between Australia and China in one major way: It constrains the actions of both countries within a rules-based framework.
"As such, participating countries - even major powers such as China - might not readily use trade as a strategic leverage," he said, pointing out that China's behaviour within RCEP will shape its reputation and credibility as well as alter the behaviour of other states towards it.